Moody National Bank Trust Division Boosts Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Moody National Bank Trust Division increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 86.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,849 shares of the company’s stock after buying an additional 7,349 shares during the quarter. Moody National Bank Trust Division’s holdings in Shift4 Payments were worth $1,645,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FOUR. Coronation Fund Managers Ltd. purchased a new position in Shift4 Payments during the 2nd quarter worth approximately $1,378,000. Commonwealth Equity Services LLC raised its holdings in shares of Shift4 Payments by 18.7% during the second quarter. Commonwealth Equity Services LLC now owns 8,193 shares of the company’s stock worth $601,000 after purchasing an additional 1,291 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Shift4 Payments by 9.9% during the second quarter. Rhumbline Advisers now owns 71,824 shares of the company’s stock worth $5,268,000 after purchasing an additional 6,455 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new position in Shift4 Payments during the second quarter valued at $230,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Shift4 Payments in the second quarter valued at $2,177,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Down 2.1 %

FOUR stock opened at $102.27 on Tuesday. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The firm has a 50-day moving average of $104.33 and a two-hundred day moving average of $88.78. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $116.84. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 55.58, a PEG ratio of 1.31 and a beta of 1.71.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FOUR shares. Wells Fargo & Company boosted their price objective on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Oppenheimer upped their price objective on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Barclays assumed coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Susquehanna upped their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley raised their price objective on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.40.

Insider Activity

In related news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last ninety days. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.